THE INTERNAL AUDIT SYSTEM FORMATION: THEORY, PRACTICE AND MODERN RUSSIAN REALITIES

Abstract

The Internal Audit formation topic is extremely relevant, since this structure can prove to be serious support to the enterprise during the growth of economic uncertainty and the risks, thet associated with it. The article defines a wide range of employees powers of this unit. These are the control environment and IT sphere, management consulting, assessment of accounting and reporting, protection against abuse and assistance to management in building a risk management system. Factors of effectiveness of the Internal Audit Service have been studied - both from the point of internal audit institutions view, and the requirements of “external” audit guideline. This is the unit independence from management, the employees professionalism and the availability of a planned systematic approach to the activities of the Service. Separately, the requirements for the professional qualities of internal auditors, affecting the effectiveness of the unit, such as analytical thinking, a non-trivial approach to assessing and solving problems, the ability and desire to learn throughout the activity, are examined. The real current state of internal audit in Russia was studied from the point of view of the auditors themselves.